Redmond Home Values

Learn About Redmond Home Values

Redmond is a privileged place to live in Washington State. This beautiful city crowns a spectacular landscape between Puget Sound and the Cascade Mountains, internationally recognized natural beauties. It is also a city with a superior quality of life, an unparalleled education system, and a strong economic base.

Within the area, you'll find a variety of beautiful and quiet neighborhoods. Besides, the crime rate is one of the lowest in the country. This makes it an ideal destination for you and your loved ones. If you want you and your family to live in this natural paradise, you should learn more about real estate for sale in Redmond WA.

Home Values and Housing Market in Redmond 2022

The demand for housing in Washington state boomed in recent years, and Redmond does not escape that reality. This growth has not even been affected by the impact of the pandemic, and demand and prices continue to grow steadily. In 2021, Redmond houses for sale prices grew by 28.4%, one of the highest rates in the region. Moreover, Zillow experts expect this trend in properties for sale in Redmond to continue over the next 12 months.

What Types of Properties Will You Find in Redmond?

Most of the living options you'll find are single-family homes and apt. complexes, which between them comprise more than 81% of the market (half and half). Then you might find some interesting townhomes (10%), and a few small apt. buildings. Over half of Redmond WA real estate was built between 1970-1999 (56%), and a second large group (30%) are from the new millennium. Two- or three-bedroom homes predominate, followed by four or more bedrooms, and then one-bedroom, studio-type homes.

Houses Pricing

Until 2018, prices for a house in Redmon hovered around $800K. Today after the real estate boom it is estimated that on average you can buy a property in the area for around $1.3M. Also, keep in mind that demographically the population has also grown by 11.6% according to the Census Bureau. This coupled with the attractiveness of both the conditions and job opportunities in the region has led to an exponentially rising demand that keeps prices racing to the top.

Tight Inventory

When searching for living or investment homes in Redmond, you'll find inventory more than tight, as demand for properties far outstrips supply. Besides, the construction industry is not keeping pace with this growing need for homes. Keep in mind that until 2018, it took 15 to 21 days for a property to sell. Today, a house for sale lasts no more than 6 days on the market. So, to find the best price-value options in the region, the support of local real estate agencies with great experience in the area is essential. It is these professionals who will be able to put the offer on the table as soon as a property appears that suits your family or investment needs, as well as your budget.

Trust the Best

If you're exploring Redmond home values and want to buy a great home in the area, you have the support of Katrina Eileen Real Estate. We're the region's premier real estate firm, and we're ready to help you find the ideal home. You have the real experts, ready to achieve your well-being. Contact us.